ISG Q2 2023: record revenue $74.6M, net income down 53% to $2.3M, EPS $0.05

Information Services Group Inc.

2023-Q2 EPS reported $0.12 revenue$153,095,000

GAAP revenue $74.6M, up 6% YoY, a second-quarter record; operating income $4.9M, down 32%.
Net income $2.3M ($0.05 EPS), down from $5.0M ($0.10 EPS) in Q2 2022; adjusted EPS $0.11.
Adjusted EBITDA $10M; declares Q3 dividend $0.045/share, payable Sep 28 to holders of record Sep 6.
Board authorized $25M expansion of share repurchase program.
Q3 2023 guidance: revenue $73M-$75M, adjusted EBITDA $10.5M-$11.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Information Services Group Inc. reported the quarter ended June 30, 2023 results: revenue $74.6 million, net income $2.3 million, EPS $0.05. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $74.6 million
Net income: $2.3 million
EPS: $0.05
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Reported revenues for the second quarter were a record $74.6 million, up 6 percent from $70.7 million in the prior year.

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Source: SEC EDGAR

accession 0001558370-23-013264

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